For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Restoration Hardware Holdings (RH - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Restoration Hardware Holdings is one of 224 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #4 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. RH is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for RH's full-year earnings has moved 15.60% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, RH has gained about 51.64% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 20.77%. This means that Restoration Hardware Holdings is performing better than its sector in terms of year-to-date returns.
Looking more specifically, RH belongs to the Retail - Home Furnishings industry, a group that includes 9 individual stocks and currently sits at #100 in the Zacks Industry Rank. This group has gained an average of 31.14% so far this year, so RH is performing better in this area.
Investors in the Retail-Wholesale sector will want to keep a close eye on RH as it attempts to continue its solid performance.